Bay Area companies are known for setting a new standard for employee perks and benefits. From trendy snacks to trendy gym memberships, from dream vacations …. to the newest perk: dream homes.
Did you just say HOMES? Yes. The cost of living in the Bay Area is a drag on employees. It is frustrating to feel priced out of the real estate market because you can’t or don’t want to drop hundreds of thousands of dollars on a down payment.
Companies can now get set up with Zerodown.com/workperks to give their employees access to a $15,000 rebate on the purchase of their home. This perk is currently available to employees of Pinterest, Square, Getaround, Atrium, Postmates and more.
How it works for your employees
1. ZeroDown buys a home for the employee. They choose any home on the market. We’ll make an all cash offer, and they can get their key in as little as 7 days.
2. The employee builds towards ownership. They make monthly payments and have an option to purchase the home using purchase credits, which accumulate monthly on a 5 year vesting schedule, with a 2 year cliff. The fully vested total would be 15% of the home’s purchase price.
3. The employee exercises their option to buy the home. The employee applies the purchase credits they’ve accumulated to buy the home outright. Using the above example, if the employee is fully vested, they can purchase the home from ZeroDown with a 0% down, 85% mortgage (or better, if they have additional savings). They can also choose to exercise any time after 2 years, even if not fully vested.
Help Employees Put Down Roots
When I was the co-founder of Zenefits, I saw firsthand how delightful a simple set of benefits and perks can be. Now, as the co-founder of ZeroDown, I’ve heard so many Bay Area residents feel frustrated that they’re making a great living (salary, benefits, etc.), but are still unable to put down roots and settle down. We believe this simple perk will empower more people to do just that, and faster than ever before, so that they can stay in the Bay Area and build the life that they’ve always wanted.
Get this Benefit for Your Company Today
For more information and to add this perk for your company’s employees, go to Zerodown.com/workperk — we can give you one of our standard packages, or work with you on a customized one for your employees.